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Varying Velocities
Demand forecasting shouldn’t be a one-size-fits-all proposition. By holding the same level of inventory for both fast-moving and slow-moving products, you may end up with a shortage for those fast movers and obsolete products for those slow movers.
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Fast-moving Products
Ensure that you have adequate stock on your heavy-selling products. JustEnough proactively monitors for any increase or decrease in your forecast trends, such as holiday or seasonal fluctuations, and will start forecasting the right amount of inventory every time.
Slow-moving Products
Just because a product is “slow-moving” doesn’t mean that it’s not important. JustEnough protects you from stock outs of slow-moving items with the use of automated stocking policies based on increasing or decreasing forecast trends. So if a product hasn’t moved in a while off your shelf or out of your warehouse, you can decide if the product should be discontinued, attached to a bin level or become a special order product instead of trying to accurately forecast every month.
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Hybrid Combinations
Using seasonal forecast methods, JustEnough identifies which items are seasonal and correctly forecasts products depending on whether they are in or out of season
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